I'm looking for the ongoing wave 3 to accelerate higher towards 105.22 and beyond. Since the May 2011 higher at 114.81 we have been a major sideways consolidation, which I expect ended at 91.25 and we should now be ready to challenge resistance at 112.22 for a rally towards 122.86 and maybe even back to the 2008 high at 147.27 in a major flat correction, but only time will show.
Short term I expect support at 100.27 will protect the downside, but only a break below important support at 98.82 will invalidate my bullish count.
Hi EWS like the veiw on NZD are you short already or are you waiting for push into 87"s could you also take a look at ZAR in 1 and 4 hour got cault out yesterday made a nice i to v from 10.6530 and was looking at the retrace back down as II but took my stop out just under 10.6530 your veiw would be great give us abc"s :)
ReplyDeleteWe should get a good move up with EurNzd very soon
Best Regards jt
Hi EWS, do u mind hv a look on usdjpy? Yesterday break 102.92 look like next week could further climb to 104.
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